TheTraderAndy

BTC - Sideways, Then Up Towards 64k Area?

Long
TheTraderAndy Zaktualizowano   
BITSTAMP:BTCUSD   Bitcoin
If support area (box) holds, BTC will likely slowly consolidate sideways until the Bollinger Band contracts (not shown here), before another explosive move to the upside (my fundamental bullish bias for BTC).

I was off with my timing on my previous trade to go short, however, the price did break UP out of a potentially bearish pattern, before rocketing to the downside days later.

On this chart we see a falling wedge, and an obvious trend channel on the daily which so far seems to be holding.

If the support fails we could see downwards pressure towards the support levels below ($38,500, 37,500, $32,000), which would present obvious buying opportunities.

Any lower than this and we risk creating bearish marker structure and heading into a bear market (likely a short one).
Komentarz:
Still going as predicted...
Komentarz:
62k reached...

64, 66, 68 all obvious price targets.. 68-70 would possible be high risk of reversal/correcting
Komentarz:
Still going as predicted
Komentarz:
$BTC bullish momentum likely over coming weeks.

*Not Financial Advice*
*Only Risk What You Can Afford To Lose*
*Just Ideas, Not Investment Advice*
*Trade At Your Own Risk*
Wyłączenie odpowiedzialności

Informacje i publikacje przygotowane przez TradingView lub jego użytkowników, prezentowane na tej stronie, nie stanowią rekomendacji ani porad handlowych, inwestycyjnych i finansowych i nie powinny być w ten sposób traktowane ani wykorzystywane. Więcej informacji na ten temat znajdziesz w naszym Regulaminie.